DUDOK Files Cases Against 26 for Embezzling Tk 50 Crore from NRB Global Bank in 5 Days

The Anti-Corruption Commission (DUDOK) has filed two cases against 26 individuals, including top officials and business figures, for allegedly embezzling approximately Tk 50 crore from the Khatunganj branch of NRB Global Bank (now Global Islami Bank) through fraudulent loan approvals within just five days.

The cases were filed on Sunday (June 29) by Bilkis Akter, Assistant Director of DUDOK, at the Chittagong Integrated District Office-1.

According to the case statement, the loans were approved in favor of Mahmud Sajid Cotton Mills Limited, a sister concern of the Chittagong-based Sad Musa Group, within five days through a meticulously planned fraudulent scheme to misappropriate funds.

The accused include Mohammad Mohsin (65), the mastermind behind Sad Musa Group; Shamima Nargis Chowdhury (60), Chairperson of Mahmud Sajid Cotton Mills Limited; Nizam Chowdhury (65), former Chairman of Global Islami Bank; Prashanta Kumar Halder (59), former Managing Director of the bank; former directors Belal Ahmed (40), Golam Mohammad (70), Dr. Mohammad Faruk (71), Arif Ahmed (43), Osman Gani (58), Mrs. Maymuna Khanam (34), Mrs. Sarowar Jahan Malek (62), Mohammad Mostan Billah Adil (38), Mrs. Shahana Ferdous (49), Sazeda Nur Begum (58), Borhanul Hasan Chowdhury (37), Mohammad Kutubuddaula (76), and S.A.M. Salimullah (75); Additional Managing Director Md. Golam Sarwar (71); former Senior Vice President and Head of Credit Mohammad Mahmud Alam (54); Deputy Managing Director Kazi Mashiur Rahman Jahed (68); Senior Assistant Vice President and Manager Md. Shamsul Alam (52); Senior Principal Officer and Manager of Operations Munnashri Chakraborty (49); Principal Officer Md. Hasan Ali (45); Junior Officer Rifat Iftekharul Alam (39); Md. Mizanur Rahman; and Nigar Sultana (39).

Among the accused, Belal Ahmed is the son-in-law of Saiful Alam Masud, the head of S Alam Group; Osman Gani is his brother; Mostan Billah Adil is his nephew; and Borhanul Hasan Chowdhury is the son of late Chittagong Mayor Mohiuddin Chowdhury and brother of former Education Minister Mohibul Hasan Chowdhury. DUDOK’s Deputy Director of Chittagong Integrated District Office-1, Subel Ahmad, confirmed the cases to Dhaka Post. He stated that the accused face charges under Sections 409, 420, and 109 of the Penal Code, Section 5(2) of the Prevention of Corruption Act 1947, and Sections 4(2)(3) of the Money Laundering Prevention Act 2012.